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Learn how to use the functions MROUND, CEILING, FLOOR, ROUND, ROUNDUP, ROUNDDOWN to round exactly how you would like.
See how to round to a specific digit or to a specified amount or multiple.
Standard Rounding Rules: 1) select position you want to round to; 2) look 1 to the right and if that is 5 or greater, add 1; if it is 4 or less, don’t add 1; then remove all other digits.
The ROUND function follows the standard rounding rules and rounds to a specified digit
The ROUNDUP function always rounds up to a specified digit
The ROUNDDOWN function always rounds down to a specified digit
The MROUND function follows the standard rounding rules and rounds to a specified amount (multiple)
If you are using Excel 2003 you must add the analysis toolpak to get the MROUND function (2007 has it). To add this, go to Tools, Addins, and check the Analysis Toolpak.
The CEILING function always rounds up to a specified amount (multiple)
The FLOOR function always rounds down to a specified amount (multiple)
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